Cook Company purchased goods with the following terms anddetails:
Sales price, $11,000Terms, 2/10, n/30Date of sale, August 3Date of payment, August 13Returns and allowances (before payment), $800Shipping, FOB Destination, $295, prepaid by seller
Required:
Compute the amount that Cook Company has to pay to the sellerfor the goods.
Amount that is paid to the seller:
$
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